The Riverside Co. has sold RE Panels S.A., parent company of EPCO and TECSEDO, to THI Investments.
A European company specializing in panels for overhead doors, EPCO makes sandwich panels for residential, commercial and industrial sectional overhead doors. The company completed the add-on of Swiss manufacturer TECSEDO in 2018, cementing RE Panels’ leadership position in the European market.
During Riverside’s investment, which began in 2016, consolidated sales and EBITDA doubled while its manufacturing, distribution and sales forces grew significantly.
Working with Riverside Managing Partner Karsten Langer and Principal Damien Gaudin on the investment for Riverside were Senior Operating Partner Fabio Pesiri and Senior Associate Gaspard d’Avout d’Auerstaedt. The investment was originated for Riverside by Vice President Jeroen Lenssen.
Rothschild & Co acted as exclusive sell-side M&A adviser. Allen & Overy, WalderWyss and Advocatenkantoor Parmentier provided legal counsel on the transaction for Riverside; Deloitte advised on financial and tax vendor due diligence, and Munich Strategy Group assisted with commercial vendor due diligence.